Is 23223, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 23223 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 23223 has remained a Seller's Market.

Key Takeaway

23223 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 23223, VA cost?

Median Sold Price

$260,910

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$26,539(+11.3%)

Key Takeaway

Homes in 23223 have sold for 11.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $172.2K$180K
+4.5%
2 $162.5K$181.7K
+11.8%
3 $224.6K$257.7K
+14.7%
4 $260K$303K
+16.5%
5+ $255.1K$355K
+39.1%

Median Sold Price Compared To Nearby Zip Codes

23219
+30.6%
23075
+24.2%
23222
+17.5%
23224
+16.2%
23223
+11.3%

How many homes are available in 23223, VA?

Number of Homes For Sale

Nov 2021Dec 2021%
276251-9.1%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 88
0.0%
2 3436
+5.9%
3 189170
-10.1%
4 4134
-17.1%
5+ 43
-25.0%

Number of Homes Sold

Nov 2021Dec 2021%
6287+40.3%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

27 Homes Were Sold
At Asking

40 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 23223, you could pay more than the asking price. 47.1% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
17 Days22 Days+32.3%

Breakdown of Home Sale Times

71 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 23223 are selling fast, if you're buying plan to act quickly.

About 23223, VA

Number of homes for sale in 23223, VA real estate market have reached 251. The inventory of homes for sale in 23223, VA between November 2021 and December 2021 decreased by 9.1%. In December 2021, listings were on the market for 22 days. During the same period, the median list price in this real estate market was $260,910. Real estate listing prices changed between November 2021 and December 2021: the cost of 1 bedroom properties went up by 4.5%, prices of 2 bedrooms properties went up by 11.8%, the cost of 3 bedrooms properties went up by 14.7%, prices of 4 bedrooms properties went up by 16.5%, the cost of 5 bedrooms properties went up by 39.1%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory did not change, 2 bedrooms homes became 5.9% more available, volume of 3 bedrooms homes went down by 10.1%, volume of 4 bedrooms homes went down by 17.1%, 5 bedrooms homes became 25% less available. Over 40 listings were sold over their listed price in December 2021 in 23223, VA. In the same period over 18 listings were sold below the listed price and 27 listings were sold for the listed price.